Private equity funds completed $1.16 billion worth of deals in sub-Saharan Africa in 2012 Private equity funds completed $1. 16 billion worth of deals in sub-Saharan Africa in 2012, a near 10 percent increase from the previous year, a survey showed on Tuesday.

South Africa's Ethos Private Equity has raised $800 million for a new fund that will look for opportunities in the continent's biggest economy and its fast-growing neighbors in one of the largest amounts secured by an Africa-focused fund